Visant Reports 2.4% Decrease in 2013 FY Net Sales

The Marketing and Publishing Services segment reported Adjusted EBITDA of $17.7 million for the fourth fiscal quarter of 2013 compared to $18.4 million for the fourth fiscal quarter of 2012. This decrease was primarily due to unfavorable sales mix in our sampling operations.

Consolidated Indebtedness
As of December 28, 2013, Visant's consolidated debt, comprised of the outstanding indebtedness under its senior secured credit facilities and its 10.00 percent senior notes due 2017, was $1,884.8 million, including $7.7 million of capital lease and equipment financing obligations and exclusive of original issue discount of $11.9 million related to the term loan under the senior secured credit facilities. Visant's cash position as of December 28, 2013 totaled $96.0 million.